2013 and earlier Lexus ES 350 Lease Questions

Comments

Thanks for the invaluable insight carman. I got some numbers that are throwing me off from my local dealership in Florida. I'm looking to lease a 2013 ES350 model base package at 12k/year. I asked for both 36 months and 48 month lease plans based on Tier 1 rating. Here's what I got:

The residual value for 36 months seems very high. Does this sound right to you? I've read that leasing values really can't be negotiated and that only the price can for leases. Any tips would be greatly appreciated!

For what it is worth the 36 mo residual tracks with what I am getting, but the MF you are showing is being represented as Tier 1+; Tier 1 is being quoted at .00190. From what I have seen, the majority of leases are done at 36 months, after that the the market views the value of the car to have a steep decline. In addition for a period greater than 36-42 months, the argument to finance versus lease, could weigh towards financing depending on one's own personal situation. Perhaps, Car_Man can shed some further light on this...

I am trying to work a deal on a new ES300h and they are offering the following numbers:MSRP - 46162Purch - 4516236 mth, 12k mile leaseresd - 62%$ factor - .00229

They claim that is for credit above 700 and mine is slightly above 800 according to my CU (the CU is offering long term rates for me at 1.75%). They also suggest that because it is a new model, Lexus is not offering favored rates at this time.

I would like you to verify the numbers of possible - if they are accurate then I may need to consider the Audi A6 or BMW 528 which are offering better lease factors though the prices are a bit higher.

tambaydriver: for what it is worth I went through this same exercise at the end of August, when they were first coming on to the dealer's lots. The MF then was .00180 for Tier 1+ (which is a credit score of 720 and over), and the residual for 10K was 63%, which tracks with your 62% for 12K. I came to the same conclusion that because the car is too new that deals are not being done in any aggressive manner. The $1,000 off of MSRP was what I was getting. I think it is a great car, but I can afford to be patient. Hope this information helps.

I didn't find any reference for the lease here. But this is what I got:2013 ES350 with luxury package and 18" chrome wheelsMSRP $44,332Down payment $1,188Residual $28,xxxMonthly $552Payments left 35 months and 12K/year

Hi tambaydriver. I take it that this is a 2013 model? The money factor that you were quoted is definitely too high. Even without any lease support, Lexus Financial Services' buy rate lease money factor should only be around .00170 for someone with your credit score.

Hi hondanj1. The money factors that I mention here are the best available. No matter how high your credit score is you won't be able to do better than this. The money factors are higher for consumers who have lower credit scores.

ended up using Cherry Hill as they did come in with what I felt was a great deal. 41,915 with real leather, not their NuLuxe they try to push, Nav, added real spoiler (only standard on hybrid) and added side body moldings. My brother in law got same car, same price, he's buying, I'm leasing. RV = 27, 416. payments were 575 before I added one package at $20/month extra.Love the car- got Nebula gray- beautiful, did wait a month, but worth it. Enjoy driving it much and I had 4 BMWs in my time.

Car Man, is this a good deal on a 2012 es350?? $43093 msrp with nav. heated seats. etc for 24 months,10k miles/year,$3995 down and 1st month plus regist fee (338) for a total of $4685 at signing with monthly payments of $329 not incl. tax. Residual of $28010 which is %65 of msrp. Thank you for any advice.

Hi hprjr. What is this car's selling price? I as because the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Knowing this number makes it much easier to evaluate your deal.

Just helped a friend of mine get this deal on a 2013 Lexus ES350 with M.S.R.P. of $43,350 and selling price of $38,200 - monthly lease payment of $409.17 per month! The money factor is .00170 for 24 months and residual 72% at 12,000 miles per year. I have to say the Intuitive Parking and Blind Spot Monitoring are definitely worth getting. Here are the details of the lease below.

I'm looking to lease a 2012 ES 350 with navigation but dont seem to find one anywhere. I'm located in New Jersey. Is it true that all the 2012 ES 350s are off the market? Did anyone get an ES350 with Nav recently? Am not a big fan of the look of the 2013 so would prefer a 2012.

Hi rbirns1. Lexus Financial Services' November buy rate lease money factor and residual value for a 36-month lease of a 2013 ES 350 with 10,000 miles per year are .00170 and 63% for consumers who qualify for its top credit tier.

Lexus Financial Services' November buy rate lease money factor and residual value for a 24-month lease of a 2013 ES 350 with 15,000 miles per year are .00170 and 70% for consumers who qualify for its top credit tier.

I haven't seen the 27 month numbers, but they're probably pretty close to this.

The last time I checked, LFS did offer multiple security deposits with each one lowering the money factor by .00010.